Company name
Bicycle I LP
Project number
15119-01
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
E&S category
FI-2
Country
Regional
Sector
Investment Funds
Status
Proposed
Disclosed date
02/21/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
04/29/2025
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Financial Institutions Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 10,000,000
Currency
USD
Project scope and objective
IDB Invest is proposing an investment of US$10 million as a limited partner in Bicycle I, L.P. (the “Fund”), a Private Equity (“PE”) fund incorporated under the laws of Delaware. The Fund will target 10-15 investments in growth-stage companies harnessing the power of data and technology to redefine industries exclusively within rapidly developing in Latin America and the Caribbean (“LAC”). The investment ticket size will be typically between US$20 million–US$50 million in series B and beyond. The Fund will focus on 75% of the capital will be allocated to initial investments and around 25% will be reserved for follow-ons investments. The Fund will secure board seats at the investee companies and play an active role, leveraging Bicycle’s global relationship network to the benefit of the Fund’s portfolio companies.
The Fund will be managed by Bicycle Management Company, LLC (“Bicycle” or the “Fund Manager”). Established in 2023, Bicycle was founded by leading investors and operators active in LAC in recent years. With a target size of US$500 million, the Fund will be one of the largest regional PE growth funds managed by a local LAC manager.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
kate@bicycle.capital
PHONE NUMBER
+1 307-264-2672
POST OFFICE ADDRESS
3350 Virginia Street, Suite 207, Miami, FL 33133
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
BICYCLE GROWTH FUND I - 15119-01 RG - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
122.9 Kb